Volkswagen CEO Thomas Schäfer officially announced that the German automaker plans to preview a new electric model during its presentation on March 15. “Over recent months, we have been working tirelessly on our brand and our products. We’ll be presenting a car that not only gives a specific preview of a new electric model from…
Tesla is in the midst of a class-action lawsuit with an owner who claims his 2015 Model S P85D door handles broke. In the latest turn, the automaker is moving to have the case dismissed on the grounds that the plaintiff does not have the standing to sue. John L. Urban, the owner of the…
Porsche announced two upcoming EVs at its earnings event today and revealed that it achieved record earnings during 2022. Porsche has had a lot of great news to deliver to investors since its IPO late last year. Following Porsche’s IPO, the brand doubled down on its electrification strategy with the announcement of the Macan EV and has even…
Ford confirmed this morning that production of the F-150 Lightning all-electric pickup restarted this morning at the Rouge Electric Vehicle Center (REVC) following a shutdown due to a battery fire. Ford CEO Jim Farley shared images of F-150 Lightning production lines restarting this morning at REVC, stating, “this is the engineering standard we aim to…
Tesla (NASDAQ: TSLA) will need to cut prices further to trigger demand once again in China, a note from Morgan Stanley said. Tesla’s most recent price cuts did not get the job done, the firm believes, but it did help more companies trigger reductions of their own, which is best for consumers. However, Tesla has…
Tesla’s Fremont Factory continues to receive refinements and upgrades to help with the production of electric vehicles, filings show. Tesla continuously upgrades its factories, and through the daily operation of machinery, things continue to be fixed, replaced, and refined to keep manufacturing lines moving. However, Tesla is doing more than just routine production line maintenance…
Tesla’s planned expansion of its German production facility Giga Berlin faces roadblocks as the automaker will need more water and electricity for operation, which may be in short supply. However, officials are determined to find solutions to the problems. Brandenburg Prime Minister Dietmar Woidke assured Tesla and its CEO Elon Musk that the unresolved supply…
Tesla (NASDAQ:TSLA) shares were recently downgraded by Wolfe Research from “Outperform” to “Peer Perform.” The analysts remained optimistic about the company’s long-term opportunities, but they also shared concerns about potential macro headwinds that the EV maker might be facing. “We’re still convinced of Tesla’s impressive cost trajectory, which should propel impressive growth over time. However, we’ve…
Australian firm Genex Power has announced a key milestone in the development of its first big battery. The company has confirmed that all 40 Tesla Megapack batteries have arrived at its Bouldercombe battery site in Rockhampton, Queensland, Australia. The project has a capacity of 50MW/100MWh. Genex has noted that the arrival of the final piece of…
The Tesla Cybertruck is closing in on its initial production, and little by little, details of the all-electric pickup truck’s production version are emerging. During Investor Day alone, photographs taken by the event’s attendees showed some interesting characteristics of the Cybertruck production beta. Among this was the vehicle’s five-seat configuration, which will reportedly be pushed…